** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart R: A resistance point or section where a response is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
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Supported at 0.07239684 and rising. If it rises above the 0.08089452 point and is supported, it is expected to create a new wave. However, I am more likely to sideways in the 0.06260065~0.08089452 section because it has not been long since I was out of the long decline.
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I thought I'd do a little more sideways in the 0.06260065~0.08089452 section, but I'm on the verge of over 50EMA on the 1M chart. If it falls below the break above the upward trend line, it is a short-term Stop Loss.
This made it less likely to fall below 0.06260065, the most important point in the Low section.
We need to check if we can get support at 0.08089452 in case of a decline.
Good analysis, what do you think about these waves? under my point of view we are in a 4 Elliot wave, so in during next week xlm could drop to 0,047,
Looking forward to hearing from you
readCrypto
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@juanguijest, Thank you for a good analysis.
XLM has been down for a long time and I think it's just going sideways to make a wave again.
Naturally, you can fall below 0.06260065 points, and you can touch 0,047 points.
If it goes down, I think it should be supported at 0.04642767 and rise.
However, I think XLM's new wave must be supported at 0.06260065.
Phi-Deltalytics
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Great update. Always like your key supports/resistances.
readCrypto
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@Phi-Deltalytics, Thank you for leaving a comment.
I am looking at your good analysis. Thank you.
Good analysis, what do you think about these waves? under my point of view we are in a 4 Elliot wave, so in during next week xlm could drop to 0,047,
Looking forward to hearing from you